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Prime brokerage revenues hit records as hedge fund activity surges

The boost is linked to higher market volatility, strong hedge fund performance, and increased demand for financing, helping drive client activity at major banks.

Reported · Written up by our desk · Fund Industry

Wall Street investment banks are seeing record revenues from prime brokerage as hedge fund activity increases, according to a report cited by Hedgeweek that draws on Reuters.

The outlet said elevated market volatility and strong hedge fund performance are contributing to more client trading and related prime services.

Growing demand for financing is also supporting client activity and helping prime brokerage drive higher results for large banks.

Overall, the report points to a continued surge in hedge fund-led engagement with prime brokerage services.

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